On May 7, 2025, the price of Bitcoin (BTC) surged to $97,200, the highest level in months, as the market remained optimistic about the news of the US and China resuming trade negotiations.
• The US Treasury Secretary stated that he will meet with his Chinese counterpart this week in Switzerland.
• China confirms it is ready to negotiate after assessing national interests and requests from American businesses.
Experts predict that if negotiations continue to go smoothly, Bitcoin could target the $99,900 region, but this is also a strong resistance area according to on-chain analysis.
